November 4th, 2020 3:59 PM 0 COMMENTS

AGR Dues Nullified the Advantage of Tariff Hikes for Telcos: Crisil

Adjusted Gross Revenue (AGR) dues have nullified the advantage for the telcos which tariff hike on December 2019 had created, said Crisil Research. As per an ET Telecom story, the company’s return on capital employed (ROCE) has dropped because of the AGR dues liability. The tariff hike should have increased it, but because of the AGR dues, the effect of tariff hike is rendered useless for when the ROCE of... Read More

October 1st, 2020 2:13 PM 21 COMMENTS

Telecom Operators Need to Clear AGR Dues Before Transferring Rights of Spectrum Use

The government of India is all set to oppose transfer of the right to use spectrum of bankrupt operators like Reliance Communications and Aircel unless their statutory dues are cleared. The apex court during the hearing of AGR dues matter had also asked whether operators under Insolvency and Bankruptcy Code (IBC) can sell its spectrum to another telecom company. The answer to that question isn’t clear yet. However, ET Telecom... Read More

September 7th, 2020 8:59 PM 0 COMMENTS

AGR Dues Clarity to Revive Investment Cycle in 4G Network for Indian Telcos

Supreme Court a few days back announced its decision on the matter of AGR dues. The apex court said that the telcos will have to pay all the remaining dues in the coming decade starting next financial year. Before that, each telco will have to pay the 10% dues in advance so the 90% will be left for the next 10 years. This clarity on the decision of AGR dues... Read More

September 2nd, 2020 1:01 AM 2 COMMENTS

Relatively Shorter Payment Timeframe for AGR Dues Can Have an Impact on Industry Structure: ICRA

The Supreme Court today announced its judgement on the AGR case and allowed a ten-year payment term with 10% upfront payment for repayment of the AGR dues. For the unaware, the three telcos have t pay Rs 90,000 crore as AGR dues to the government. ICRA opined that the relatively shorter payment timeframe exerts additional pressure on the cash flows and necessitates sizeable ARPU increase and can have an impact... Read More

August 21st, 2020 7:13 PM 0 COMMENTS

AGR Dues: Bharti Airtel Will Pay the Dues of Videocon Spectrum Says SC

AGR Dues case had another hearing today. In the previous hearing, Kapil Sibal for Bharti Airtel said that the telco has paid all the AGR dues in respect of spectrum trading worth Rs 18,004 crore implying that it has no additional dues relating to spectrum trading. One of the main arguments that Ranjit Kumar representing COC for Aircel put forth SC was that the tripartite agreement recognises that spectrum should... Read More

August 20th, 2020 8:35 PM 0 COMMENTS

AGR Dues: Government Can’t Backtrack After Allowing Spectrum as Security Says Ranjit Kumar

So far in the AGR dues case, Reliance Jio has made it clear that it has paid all the AGR dues which includes the spectrum usage charges as well. It is interesting to see that the court’s hearing has shifted from the primary concern of AGR dues to whether or not spectrum can be sold by a company under IBC. In yesterday’s hearing, SC had posed a question that when... Read More

August 17th, 2020 8:44 PM 22 COMMENTS

AGR Dues: DoT and MCA Differ in Views of Spectrum as an Asset

The Supreme Court on Friday had postponed the hearing of the AGR dues case of telcos to today. One thing that has become clear from all the past hearings is that there is no way that Bharti Airtel and Vodafone Idea Limited’s (VIL) request of reassessment of AGR dues is going to be entertained by the apex court. SC will only decide on the period at which the dues needs... Read More

August 14th, 2020 7:39 PM 66 COMMENTS

Supreme Court Asks Why Jio Shouldn’t Be Paying AGR Dues for Using Spectrum of RCom

AGR (Adjusted Gross Revenue) dues have become a major pain for the telecom industry of India. It has affected not only the operators that are actively providing telecom services, but also the operators which have gone insolvent. Back on October 24, 2019, the Supreme Court had ruled in favour of the Department of Telecommunications (DoT) and held its definition of AGR dues above what telcos were demanding. Telecom companies in... Read More

July 21st, 2020 12:37 PM 1 COMMENTS

Supreme Court Reserves Order on Granting Additional Time for Telcos to Pay AGR Dues

The Supreme Court of India on Monday reserved its order on the petitions filed by the telecom players in India seeking additional time for the payment of the statutory dues. The apex court in October, 2019, said that the statutory dues need to be calculated by adding the non-telecom revenues in Adjusted Gross Revenues (AGR). The judgement in October ended a 14 year battle between the operators and the government... Read More

July 20th, 2020 2:22 PM 10 COMMENTS

Vodafone Idea Pays Additional Rs 1000 Crore Towards AGR Dues

Vodafone Idea said that the company on Friday had paid a further amount of Rs 1000 crore to the Department of Telecommunication (DoT) as part of its Adjusted Gross Revenue (AGR) dues. The company in its exchange filing on Saturday said that it had earlier paid a total of Rs 6854 crore in three tranches. Following the payment on Friday, Vodafone Idea highlighted that the company has now paid an... Read More

July 15th, 2020 8:01 PM 17 COMMENTS

Telcos Must Pay Partial AGR Dues Upfront: DoT

The Department of Telecommunications (DoT) is asking telecom operators Bharti Airtel and Vodafone Idea to make some payment towards AGR dues before being allowed to defer the rest of the dues over 20 years. As reported by ET Telecom, telco giants Bharti Airtel and Vodafone Idea have already stated that they cannot pay statutory dues immediately apart from what they have already paid. Both the telcos and Department of Telecommunications... Read More

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